Volt Information Sciences, Inc. Declares Three for Two Stock Split.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Volt Information Sciences, Inc., (NYSE NYSE See: New York Stock Exchange :VOL VOL Volume VOL Volunteer VOL Volcano VOL Volvo (stock symbol) VOL Verdingungsordnung für Leistungen (German) VOL Volatile Organic Liquid Vol Volscan (linguistics) ), a leading provider of Workforce Design, Information and Telecommunications Solutions, announced today that the Company's Board of Directors, at a meeting held on December 19th, authorized and approved a three-for-two stock split effected in the form of a dividend on the Company's Common Stock, par value $.10 per share (the "Common Stock"). Shares of Common Stock will be paid on January 26, 2007, to all stockholders of record as of the close of business on January 15, 2007. Any fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. resulting from the dividend will be paid in cash. The stock split will increase Volt Information Sciences total shares outstanding from approximately 15.4 million to approximately 23.1 million. Volt Information Sciences, Inc. has previously announced plans to release financial results for its fourth quarter of 2006 before the NYSE market opens on Tuesday, January 9, 2007. The Company will conduct a conference call and an audio webcast with analysts and the investment community at 10:00 am on the same day. Forward-looking and other material information may be discussed in this conference call. Interested parties are invited to listen to the conference call which can be accessed through the dial-in number 1-800-857-6028 (Dial 1-210-234-0013 from outside the U.S.) with the passcode Fourth Quarter. Volt Information Sciences, Inc. is a leading provider of Workforce Design, Information and Telecommunications Solutions for its Fortune 100 customer base. Operating through a network of over 300 Volt Services Group branch offices, the Staffing Services segment fulfills IT and other technical, commercial, and industrial placement requirements of its customers, on both a temporary and permanent basis. The Telecommunications and Information Solutions businesses provide complete telephone directory production and directory publishing; a full spectrum of telecommunications construction, installation and engineering services; and advanced information and operator services A variety of telephone services that require human intervention, including person-to-person calls, collect calls, credit card billing and directory and dialing assistance. Such services are performed by LECs, IXCs and alternative operator services (AOS), organizations that are used by systems for telephone companies. For additional information, please visit the Volt Information Sciences, Inc. web site at http://www.volt.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are subject to a number of known and unknown risks, including general economic, competitive and other business conditions, the degree and timing of customer utilization and rate of renewals of contracts with the Company that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements. Information concerning these and other factors that could cause actual results to differ materially from those in the forward-looking statements is contained in Company reports filed with the Securities and Exchange Commission. A copy of the Company's latest Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and subsequent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , as filed with the Securities and Exchange Commission and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , are available without charge upon request to Volt Information Sciences, Inc., 560 Lexington Avenue, New York, New York 10022, 212-704-2400, Attention: Shareholder Relations. These and certain other SEC filings are also available to the public over the Internet at the SEC's website at http://www.sec.gov and at the Company's website at http://www.volt.com in the Investor Relations/Corporate Governance section. |
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